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Soros and Tesla

Soros Fund Management has become a major backer of Tesla, buying $35 million worth of its bonds. Tesla is hemorrhaging money and leans heavily on bond offerings right now. George Soros's fund, which recently dumped all its Amazon stock, has also sold its small stake in Twitter. Its latest regulatory filing shows, however, that it has been buying into Netflix. CNBC
 
TSLA has been going down recently....any bounce should be aggressively shorted IMHO....use PUTS if necessary.
Competition from Audi, Jaguar, Porsche and BWM in the all-electric space will be huge starting in 2019.
 
syswizard said:
TSLA has been going down recently....any bounce should be aggressively shorted IMHO....use PUTS if necessary.
Competition from Audi, Jaguar, Porsche and BWM in the all-electric space will be huge starting in 2019.
More...

My view as well. I don't know the type of bonds Soros has bought, but it's highly unlikely that he is in Tesla for the long term. Soros has a history of going for the kill on vulnerable market weaklings. Tesla right now is a nightmare basket case in management, product design, financing, and facing superior competitors (superior in management, mass production expertise, product design, and financial health).
 
The only problem with the short side is ....Musk. He is constantly coming out with announcements to "gun the shorts".
Now, he has this high performance Model 3 with 2 motors...and AWD.
That's specifically aimed at Porsche and BMW.
Can Elon beat the venerable Porsche brand ? I think not....unless he reduces prices considerably...which he cannot afford to do.
http://autoweek.com/article/green-cars/porsche-head-battery-electrics-goes-deep-mission-e
https://www.topgear.com/car-news/geneva-motor-show/2019-porsche-mission-e-full-lowdown
 
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syswizard said:
The only problem with the short side is ....Musk. He is constantly coming out with announcements to "gun the shorts".
Now, he has this high performance Model 3 with 2 motors...and AWD.
That's specifically aimed at Porsche and BMW.
Can Elon beat the venerable Porsche brand ? I think not....unless he reduces prices considerably...which he cannot afford to do.
http://autoweek.com/article/green-cars/porsche-head-battery-electrics-goes-deep-mission-e
https://www.topgear.com/car-news/geneva-motor-show/2019-porsche-mission-e-full-lowdown
More...

The potency of Elon Musk's hypes / unrealistic claims is waning. It has to be at some point. I don't believe for a second that Tesla under Elon Musk will have a chance going up against Porsche, BMW, Mercedes, Audi, Lexus ...

Even when compared to some models from BYD, a Chinese EV maker, Tesla doesn't seem to have much of an edge.
 
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DVD Lives

Netflix's DVD division, which boasts a mere three million subscribers, still exists and is still profitable—in the first quarter of this year, it made $56 million on revenues of $99 million. Why is it still around? Because some areas have poor connectivity, making streaming difficult. Also, because it has many more titles on offer than Netflix's vastly more popular streaming service. And also, maybe because some subscribers don't realize they haven't cancelled their subscription. CNBC
 
As technology improves, more consumers will be able to download content quickly via the web and play it on their televisions or alternative devices.

What's more, Netflix's expansion outside the U.S. could remain unprofitable and drag on cash flow due to different tastes and lower video consumption.

I do not feel positive about Netflix's future.
 
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